Public expenditures, growth, and poverty: Lessons from developing countries

More than 1 billion people around the globe still live on less than U.S. $1 a day as measured in purchasing power parity in 2001. Over the past 20 years, rapid economic growth in East Asia has reduced the total number of poor people from 800 million in 1981 to 270 million in 2001. In South Asia, dur...

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Autor principal: Fan, Shenggen
Formato: Libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2008
Materias:
Acceso en línea:https://hdl.handle.net/10568/158427
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author Fan, Shenggen
author_browse Fan, Shenggen
author_facet Fan, Shenggen
author_sort Fan, Shenggen
collection Repository of Agricultural Research Outputs (CGSpace)
description More than 1 billion people around the globe still live on less than U.S. $1 a day as measured in purchasing power parity in 2001. Over the past 20 years, rapid economic growth in East Asia has reduced the total number of poor people from 800 million in 1981 to 270 million in 2001. In South Asia, during the same period the total number of poor people declined only marginally, from 480 million to 430 million. However, poverty rates did not fall in Africa, Latin America, or the Middle East, and the rate of economic growth was far lower during this period than it was 20 years ago. In fact, the number of the poor in Sub- Saharan Africa has almost doubled, from 160 million in 1981 to more than 300 million in 2001 (Chen and Ravallion 2004). Using the poverty line measured at U.S. $2 per day, the world's total poor increased from 2.5 billion in 1981 to more than 2.7 billion in 2001, and the associated poverty rate fell from 67 percent to 53 percent, which represents a much slower rate than the drop in the U.S. $1 per day poverty rate. It is obvious, therefore, that a "business as usual" approach is wholly inadequate. Instead, a more effective poverty alleviation strategy is urgently required in recognition of the fact that persistent poverty and malnutrition result in irreversible costs to human and economic development.
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spelling CGSpace1584272025-11-06T03:58:30Z Public expenditures, growth, and poverty: Lessons from developing countries Fan, Shenggen poverty developing countries economic policies economic development public expenditure education economic growth More than 1 billion people around the globe still live on less than U.S. $1 a day as measured in purchasing power parity in 2001. Over the past 20 years, rapid economic growth in East Asia has reduced the total number of poor people from 800 million in 1981 to 270 million in 2001. In South Asia, during the same period the total number of poor people declined only marginally, from 480 million to 430 million. However, poverty rates did not fall in Africa, Latin America, or the Middle East, and the rate of economic growth was far lower during this period than it was 20 years ago. In fact, the number of the poor in Sub- Saharan Africa has almost doubled, from 160 million in 1981 to more than 300 million in 2001 (Chen and Ravallion 2004). Using the poverty line measured at U.S. $2 per day, the world's total poor increased from 2.5 billion in 1981 to more than 2.7 billion in 2001, and the associated poverty rate fell from 67 percent to 53 percent, which represents a much slower rate than the drop in the U.S. $1 per day poverty rate. It is obvious, therefore, that a "business as usual" approach is wholly inadequate. Instead, a more effective poverty alleviation strategy is urgently required in recognition of the fact that persistent poverty and malnutrition result in irreversible costs to human and economic development. 2008 2024-11-01T21:00:54Z 2024-11-01T21:00:54Z Book https://hdl.handle.net/10568/158427 en Open Access application/pdf International Food Policy Research Institute Johns Hopkins University Press Fan, Shenggen, ed. 2008. Public expenditures, growth, and poverty: Lessons from developing countries. Baltimore, MD: Johns Hopkins University Press. https://hdl.handle.net/10568/158427
spellingShingle poverty
developing countries
economic policies
economic development
public expenditure
education
economic growth
Fan, Shenggen
Public expenditures, growth, and poverty: Lessons from developing countries
title Public expenditures, growth, and poverty: Lessons from developing countries
title_full Public expenditures, growth, and poverty: Lessons from developing countries
title_fullStr Public expenditures, growth, and poverty: Lessons from developing countries
title_full_unstemmed Public expenditures, growth, and poverty: Lessons from developing countries
title_short Public expenditures, growth, and poverty: Lessons from developing countries
title_sort public expenditures growth and poverty lessons from developing countries
topic poverty
developing countries
economic policies
economic development
public expenditure
education
economic growth
url https://hdl.handle.net/10568/158427
work_keys_str_mv AT fanshenggen publicexpendituresgrowthandpovertylessonsfromdevelopingcountries